India raises spending and avoids “outright populism” in the pre-election budget

Capital expenditure will increase by 33% to 10 trillion rupees in 2023/24 The government targets total borrowing at 15.43 trillion rupees It looks forward to a fiscal deficit of 5.9% in 2023/24, 4.5% by 2025/26 NEW DELHI (Reuters) – India on Wednesday announced one of the largest increases ever in capital spending for the next … Read more

Spot supply: US consumer prices fall in December

NEW YORK (Reuters) – U.S. consumer prices unexpectedly fell for the first time in more than two-and-a-half years in December amid falling prices for gasoline and other commodities, suggesting that inflation is now on a sustained downward trend. The Labor Department said Thursday that its consumer price index fell 0.1% last month, after rising 0.1% … Read more

Chinese media downplays the severity of COVID as the World Health Organization seeks details about the variants

State media says severe illness from the coronavirus is rare Chinese scientists brief the World Health Organization Chinese factory activity contracted in December BEIJING/HONG KONG/GENEVA, Jan. 3 (Reuters) – China’s state media downplayed the severity of a surge in COVID-19 infections on Tuesday, while its scientists briefed the World Health Organization, which is seeking detailed … Read more